HB1013Introduced in the House
AN ACT to amend Tennessee Code Annotated, Title 56, relative to creditor claims to insurance proceeds.
Introduced by Johnny Shaw, District 80
What does this bill do?
Plain-English breakdown
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Official description
As introduced, clarifies that the phrase "for the benefit of" includes the beneficiary of the insurance policy or annuity contract for purposes of the exemption from claims of creditors for a policy of life insurance or under an annuity contract made for the benefit of, or assigned to, the spouse or children, or dependent relatives of, the person whose life the policy or annuity contract is based on; clarifies that use of exempt funds does not change the classification of the funds from exempt to nonexempt. - Amends TCA Title 56.
Where it stands
Assigned to s/c Insurance Subcommittee
February 11, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Filed for introduction
Intro., P1C.
P2C, ref. to Insurance Committee
Assigned to s/c Insurance Subcommittee
Verify the information
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